Arrow's Impossibility Theorem: Preference Diversity in a Single-Profile World
In this paper we provide two simple new versions of Arrow’s impossibility theorem, in a model with only one preference profile. Both versions are transparent, requiring minimal mathematical sophistication. The first version assumes there are only two people in society, whose preferences are being aggregated; the second version assumes two or more people. Both theorems rely on assumptions about diversity of preferences, and we explore alternative notions of diversity at some length. Our first theorem also uses a neutrality assumption, commonly used in the literature; our second theorem uses a neutrality/monotonicity assumption, which is stronger and less commonly used. We provide examples to illustrate our points.
|Date of creation:||2008|
|Contact details of provider:|| Postal: Department of Economics, Brown University, Providence, RI 02912|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Robert P. Parks, 1976. "An Impossibility Theorem for Fixed Preferences: A Dictatorial Bergson-Samuelson Welfare Function," Review of Economic Studies, Oxford University Press, vol. 43(3), pages 447-450.
- Kenneth J. Arrow, 1950. "A Difficulty in the Concept of Social Welfare," Journal of Political Economy, University of Chicago Press, vol. 58, pages 328-328.
- Reny, Philip J., 2001. "Arrow's theorem and the Gibbard-Satterthwaite theorem: a unified approach," Economics Letters, Elsevier, vol. 70(1), pages 99-105, January.
- Blau, Julian H & Deb, Rajat, 1977. "Social Decision Functions and the Veto," Econometrica, Econometric Society, vol. 45(4), pages 871-879, May.
- Abram Burk, 1938. "A Reformulation of Certain Aspects of Welfare Economics," The Quarterly Journal of Economics, Oxford University Press, vol. 52(2), pages 310-334.
- Robert A. Pollak, 1979. "Bergson-Samuelson Social Welfare Functions and the Theory of Social Choice," The Quarterly Journal of Economics, Oxford University Press, vol. 93(1), pages 73-90.
- Kevin W. S. Roberts, 1980. "Social Choice Theory: The Single-profile and Multi-profile Approaches," Review of Economic Studies, Oxford University Press, vol. 47(2), pages 441-450.
- Sen, Amartya K, 1977. "Social Choice Theory: A Re-examination," Econometrica, Econometric Society, vol. 45(1), pages 53-89, January.
- Marc Fleurbaey & Philippe Mongin, 2005.
"The news of the death of welfare economics is greatly exaggerated,"
Social Choice and Welfare,
Springer;The Society for Social Choice and Welfare, vol. 25(2), pages 381-418, December.
- Marc Fleurbaey & Philippe Mongin, 2004. "The News of the Death of Welfare Economics is Greatly Exaggerated," Working Papers hal-00242931, HAL.
- Marc Fleurbaey & Philippe Mongin, 2005. "The news of the death of welfare economics is greatly exaggerated," Post-Print hal-00246986, HAL.
- Kemp, Murray C & Ng, Yew-Kwang, 1976. "On the Existence of Social Welfare Functions, Social Orderings and Social Decision Functions," Economica, London School of Economics and Political Science, vol. 43(169), pages 59-66, February.
- Campbell, Donald E. & Kelly, Jerry S., 2002. "Impossibility theorems in the arrovian framework," Handbook of Social Choice and Welfare, in: K. J. Arrow & A. K. Sen & K. Suzumura (ed.), Handbook of Social Choice and Welfare, edition 1, volume 1, chapter 1, pages 35-94 Elsevier. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:bro:econwp:2008-8. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Brown Economics Webmaster)
If references are entirely missing, you can add them using this form.